|
|
|
MIRA INFORM REPORT
|
Report No. : |
499988 |
|
Report Date : |
28.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
AMIT
METALIKS LIMITED (w.e.f. 06.08.2008) |
|
|
|
|
Formerly Known
As : |
AMIT
METALIKS PRIVATE LIMITED (w.e.f. 24.07.2008) DUTTA
IRON AND STEEL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Dr. Raturia Angadpur Industrial Area, P.O. Angadpur, Durgapur –
713215, West Bengal |
|
Tel. No.: |
91-33-40063942 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
14.09.2004 |
|
|
|
|
Com. Reg. No.: |
21-099772 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 94.665 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27109WB2004PLC099772 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TIN No.: |
19802412067 |
|
|
|
|
CST No.: |
19802412261 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
19AACCD1133E1Z6 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCD1133E |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of steel TMT bars. [Registered Activity] |
|
|
|
|
No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2004 having a satisfactory track
record. It is engaged as manufacturer and trader of ferrous and non-ferrous
metal and alloys. For the financial year 2017, the revenue of the company has sharply
declined by 20% as compared to its previous year along with low profit margin
during the year. Rating takes into account, the company’s satisfactory financial risk
profile marked by adequate networth base and comfortable debt coverage
indicators. Rating continue to derive strength from its established track record
of its business operations backed by its extensive experienced of the
promoters in metal industry. However, rating gets partially offset by the cyclicality inherent in
the steel industry and highly competitive industry which result to inability
of subject to scale up its operations without facing profitability pressures. Payments seems to be usually correct. In view of aforesaid, the company can be considered for business
dealing at usual trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Rating= BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
17.04.2017 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Rating= A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
17.04.2017 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 28.03.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED
Management Non-Cooperative (91-33-40063942)
LOCATIONS
|
Registered Office : |
Dr. Raturia Angadpur Industrial Area, P.O. Angadpur, Durgapur –
713215, West Bengal, India |
|
Tel. No.: |
91-343-2559519 |
|
Fax No.: |
91-343-2559518 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
238 B, A.J.C. Bose Road, (2nd Floor), Kolkata – 700025, West Bengal,
India |
|
Tel. No.: |
91-33-40063942 / 43 / 44 |
|
Fax No.: |
91- 33-40063940 |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Amit Kumar Singh |
||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
||||||||||||||||||||||||||||||||
|
Address : |
238/B A.J.C. Bose Road, 3rd Floor, Fl-A3,
Kolkata – 700020, West Bengal, India |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.08.2016 |
||||||||||||||||||||||||||||||||
|
DIN No.: |
01193574 |
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|
Other Directorship:
|
|||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Name : |
Neha Manek |
||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
Nitin Manek And Associates Ward No-6,
At/Po-Barbil Keonjhar – 758035, Odisha, India |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.09.2015 |
||||||||||||||||||||||||||||||||
|
DIN No.: |
02012993 |
||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||
|
Name : |
Mr. Arvind Kumar Singh |
||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
21, Khajuri, Town And Village.- Khajuri
Anchal- Panapur, District.- Saran, Patna – 841410, Bihar, India |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
21.09.1980 |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
16.05.2008 |
||||||||||||||||||||||||||||||||
|
DIN No.: |
02155056 |
||||||||||||||||||||||||||||||||
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Other Directorship:
|
|||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Name : |
Mr. Prasanta Kumar Nayak |
||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
At- Kanheipur, Po: Jajpur Road, Jajpur –
759013, Odisha, India |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
30.09.2015 |
||||||||||||||||||||||||||||||||
|
DIN No.: |
06754023 |
||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Puja Mohan |
|
Designation : |
Company Secretary |
|
Address : |
Flat-305, 201, NSC Bose Road, Kolkata – 700040, West Bengal, India |
|
Date of Appointment : |
26.08.2015 |
|
PAN No.: |
AYBPP0136D |
|
|
|
|
Name : |
Mr. Purushottam Prashar |
|
Designation : |
Chief Financial Officer |
|
Address : |
Avani Oxford Phase 2, Block 1, Flat No. 2F, 136 Jessore Road, Bangur
Avenue, Kolkata – 700055, West Bengal, India |
|
Date of Appointment : |
01.12.2015 |
|
PAN No.: |
ALGPP2814A |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Amit Mines Private Limited |
|
1792180 |
|
Amit Kumar Singh |
|
133020 |
|
Arjun Singh |
|
1000 |
|
Arvind Kumar Singh |
|
1000 |
|
Sakaldeo Singh |
|
1000 |
|
Prakash Cresec Private Limited |
|
2319600 |
|
Budhiya Agencies Private Limited |
|
1000 |
|
Trailer Mercantiles Private Limited |
|
152000 |
|
Kherapati Vincom Private Limited |
|
3633700 |
|
Cosmat Vincom Private Limited |
|
480000 |
|
Ferpo Marketiers Private Limited |
|
48000 |
|
Kambli Trading Private Limited |
|
112000 |
|
Ramnik Vinimay Private Limited |
|
40000 |
|
Sridurga Minerals Private Limited |
|
72000 |
|
Abluirani Vinimay Private Limited |
|
600000 |
|
Anindita Healthcare Private Limited |
|
32000 |
|
Andrella Commotrade Private Limited |
|
48000 |
|
|
|
|
|
Total |
|
9466500 |
Equity Share Break up (Percentage of Total Equity)
AS ON 25.09.2017
|
Category |
Percentage |
|
Promoters [Individual/Hindu Undivided
Family (Indian)] |
1.42 |
|
Public/Other than promoters
[Individual/Hindu Undivided Family (Indian)] |
0.02 |
|
Public/Other than promoters [Body corporate] |
98.56 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of steel TMT bars. [Registered Activity] |
||||
|
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|
||||
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Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
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Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||
|
No. of Employees : |
Information denied by the management |
||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
V.N. Purohit and Company Chartered Accountants |
|
Address : |
Diamond Chamber, Suit No. 4G, 4th Floor, Unit III, 4, Chowringhee, Lane, Kolkata – 700016, West Bengal, India |
|
PAN No.: |
AABFV8970D |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiary Company
: |
|
|
|
|
|
Enterprises which are owned, or have significant influence of or are
partners with Key management personnel and their relatives : |
|
CAPITAL STRUCTURE
AS ON 25.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
INR 10/- each |
INR 100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9466500 |
Equity Shares |
INR 10/- each |
INR 94.665 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
94.665 |
94.665 |
94.665 |
|
(b) Reserves & Surplus |
717.782 |
671.244 |
601.193 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
812.447 |
765.909 |
695.858 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
171.412 |
201.129 |
233.782 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
55.479 |
242.838 |
241.441 |
|
(d) Long-term
provisions |
1.497 |
0.942 |
0.711 |
|
Total Non-current
Liabilities (3) |
228.388 |
444.909 |
475.934 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
907.117 |
984.918 |
863.449 |
|
(b) Trade
payables |
699.948 |
703.996 |
675.755 |
|
(c) Other
current liabilities |
178.989 |
206.018 |
218.310 |
|
(d) Short-term
provisions |
5.149 |
40.061 |
24.562 |
|
Total Current
Liabilities (4) |
1791.203 |
1934.993 |
1782.076 |
|
|
|
|
|
|
TOTAL |
2832.038 |
3145.811 |
2953.868 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
440.622 |
450.796 |
473.161 |
|
(ii)
Intangible Assets |
0.020 |
0.022 |
0.025 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
6.143 |
6.143 |
6.143 |
|
(c) Deferred tax assets (net) |
16.595 |
3.454 |
5.844 |
|
(d)
Long-term Loan and Advances |
1.382 |
0.907 |
0.532 |
|
(e) Other
Non-current assets |
53.504 |
47.783 |
30.599 |
|
Total Non-Current
Assets |
518.266 |
509.105 |
516.304 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
461.812 |
411.449 |
407.718 |
|
(c) Trade
receivables |
1537.289 |
1922.006 |
1770.188 |
|
(d) Cash
and cash equivalents |
68.004 |
61.433 |
41.116 |
|
(e)
Short-term loans and advances |
93.111 |
78.724 |
123.166 |
|
(f) Other
current assets |
153.556 |
163.094 |
95.376 |
|
Total
Current Assets |
2313.772 |
2636.706 |
2437.564 |
|
|
|
|
|
|
TOTAL |
2832.038 |
3145.811 |
2953.868 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
4439.593 |
5570.362 |
4922.380 |
|
|
|
Other Income |
4.792 |
3.478 |
3.553 |
|
|
|
TOTAL |
4444.385 |
5573.840 |
4925.933 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
3840.092 |
4890.569 |
4431.220 |
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
(83.329) |
(35.191) |
(165.042) |
|
|
|
Employee Benefits Expenses |
21.836 |
21.156 |
26.207 |
|
|
|
CSR expenditure |
1.600 |
0.500 |
0.000 |
|
|
|
Other Expenses |
465.629 |
442.940 |
395.472 |
|
|
|
TOTAL |
4245.828 |
5319.974 |
4687.857 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
198.557 |
253.866 |
238.076 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
138.838 |
149.534 |
135.981 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
59.719 |
104.332 |
102.095 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
32.699 |
31.891 |
31.610 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
27.020 |
72.441 |
70.485 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(13.141) |
2.390 |
11.109 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
40.161 |
70.051 |
59.376 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (INR) |
4.52 |
7.89 |
7.11 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
33.856 |
34.353 |
34.632 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
307.662 |
94.665 |
(96.060) |
|
Net cash flows from (used in) operating activities |
272.117 |
86.337 |
(102.528) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
126.39 |
125.94 |
131.26 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
2.89 |
2.90 |
2.78 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
66.53 |
52.54 |
55.66 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.43 |
0.62 |
0.58 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.45 |
0.56 |
0.50 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.70 |
0.69 |
0.69 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.37 |
1.59 |
1.63 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.20 |
2.53 |
2.56 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.54 |
0.59 |
0.68 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.43 |
1.70 |
1.75 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
0.90 |
1.26 |
1.21 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.42 |
2.23 |
2.01 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
4.94 |
9.15 |
8.53 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.29 |
1.36 |
1.37 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.03 |
1.15 |
1.14 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.29 |
0.24 |
0.24 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
11.75 |
12.89 |
11.96 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.29 |
1.36 |
1.37 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
94.665 |
94.665 |
94.665 |
|
Reserves & Surplus |
601.193 |
671.244 |
717.782 |
|
Net
worth |
695.858 |
765.909 |
812.447 |
|
|
|
|
|
|
Long Term borrowings |
233.782 |
201.129 |
171.412 |
|
Short Term borrowings |
863.449 |
984.918 |
907.117 |
|
Current maturities of long term debt |
34.632 |
34.353 |
33.856 |
|
Total
borrowings |
1131.863 |
1220.400 |
1112.385 |
|
Debt/Equity
ratio |
1.627 |
1.593 |
1.369 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
4922.380 |
5570.362 |
4439.593 |
|
|
|
13.164 |
(20.300) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
4922.380 |
5570.362 |
4439.593 |
|
Profit/(Loss) |
59.376 |
70.051 |
40.161 |
|
|
1.21% |
1.26% |
0.90% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
94.665 |
94.665 |
|
(b) Reserves &
Surplus |
|
716.860 |
670.317 |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
(d) Minority interest |
|
0.651 |
0.650 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
|
812.176 |
765.632 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
171.412 |
201.129 |
|
(b) Deferred tax
liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
55.479 |
242.838 |
|
(d) long-term provisions |
|
1.497 |
0.942 |
|
Total Non-current
Liabilities (3) |
|
228.388 |
444.909 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
912.117 |
989.918 |
|
(b) Trade payables |
|
699.948 |
703.996 |
|
(c) Other current
liabilities |
|
179.009 |
206.097 |
|
(d) Short-term provisions |
|
5.149 |
40.061 |
|
Total Current Liabilities
(4) |
|
1796.223 |
1940.072 |
|
|
|
|
|
|
TOTAL |
|
2836.787 |
3150.613 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
447.908 |
458.084 |
|
(ii) Intangible Assets |
|
1.513 |
1.516 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
1.143 |
1.143 |
|
(c) Deferred tax assets
(net) |
|
16.595 |
3.454 |
|
(d) Long-term Loan and Advances |
|
1.382 |
0.907 |
|
(e) Other Non-current
assets |
|
53.504 |
47.783 |
|
Total Non-Current Assets |
|
522.045 |
512.887 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
461.812 |
411.449 |
|
(c) Trade receivables |
|
1537.289 |
1922.006 |
|
(d) Cash and cash
equivalents |
|
68.600 |
62.169 |
|
(e) Short-term loans and
advances |
|
123.812 |
118.820 |
|
(f) Other current assets |
|
123.229 |
123.282 |
|
Total Current Assets |
|
2314.742 |
2637.726 |
|
|
|
|
|
|
TOTAL |
|
2836.787 |
3150.613 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
4439.592 |
5570.362 |
|
|
Other Income |
|
5.312 |
3.478 |
|
|
TOTAL |
|
4444.904 |
5573.840 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
3840.092 |
4890.569 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
-83.329 |
-35.191 |
|
|
Employees benefits
expense |
|
22.120 |
21.770 |
|
|
|
|
2.500 |
0.500 |
|
|
Other expenses |
|
464.957 |
443.201 |
|
|
TOTAL |
|
4246.340 |
5320.849 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
198.564 |
252.991 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
138.838 |
149.534 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
|
59.726 |
103.457 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
32.700 |
31.895 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
27.026 |
71.562 |
|
|
|
|
|
|
|
Less |
TAX |
|
(13.141) |
2.390 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
|
40.167 |
69.172 |
|
|
|
|
|
|
|
Less/ Add |
PROFIT (LOSS) OF MINORITY INTEREST |
|
0.001 |
(0.177) |
|
|
|
|
|
|
|
|
TOTAL PROFIT (LOSS) FOR PERIOD |
|
40.166 |
69.349 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
4.24 |
7.33 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office
of the company has been shifted from Dutta Automobile Building, Benachity,
Durgapur,
Burdwan – 713213, West Bengal, India to the present address w.e.f.
01.02.2007
OPERATIONS
The Company has reported total income of INR 4440.000 million for the current year as compared to INR 5570.000 million in the previous year. The Net profit for the year amounted to INR 40.000 million in the current year as compared to INR 70.000 million in the previous year.
UNSECURED LOANS:
|
PARTICULARS |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
LONG TERM BORROWINGS |
|
|
|
Other loans and advances |
63.521 |
61.600 |
|
|
|
|
|
Total |
63.521 |
61.600 |
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C19211622 |
90256717 |
STATE BANK OF INDIA |
11/07/2005 |
09/08/2014 |
- |
1354800000.0 |
LEADER OF CONSORTIUM, SME BRANCH, DURGAPURCITY CENTREDURGAPURWB713216IN |
|
2 |
G49408305 |
80036248 |
CENTURION BANK LIMITED |
28/09/2005 |
- |
26/07/2017 |
1399351.0 |
88, CHOWRINGHEE ROAD, 3RD FLOORKOLKATAWB700020IN |
|
3 |
G36035806 |
10260483 |
ORIENTAL BANK OF COMMERCE |
23/11/2010 |
28/06/2011 |
17/02/2017 |
90000000.0 |
NACHAN ROAD BENACHITYDURGAPUR,BRANCHDURGAPURWB 713213IN |
|
4 |
G36036317 |
10406326 |
ORIENTAL BANK OF COMMERCE |
29/12/2012 |
- |
17/02/2017 |
17600000.0 |
NACHAN ROAD BENACHITY, DURGAPUR WB713213IN |
|
5 |
G27875814 |
10301615 |
BANK OF BARODA |
21/06/2011 |
29/12/2012 |
19/11/2016 |
174100000.0 |
DURGAPUR BRANCHNACHAN ROAD, BENACHITY DURGAPUR WB713213IN |
|
6 |
B96778055 |
10254262 |
ANDHRA BANK |
24/11/2010 |
28/03/2011 |
15/02/2014 |
60000000.0 |
ANDHRA BANK, DURGAPUR BRANCH NACHAN ROAD, BENACHITY DURGAPUR WB713213IN |
|
7 |
B95058335 |
10317230 |
STATE BANK OF INDIA |
28/09/2011 |
07/01/2013 |
17/01/2014 |
674000000.0 |
LEADER OF THE CONSORTIUM, SBI SME BRANCH DURGAPUR CITY CENTRE DURGAPUR WB713216IN |
|
8 |
B95055406 |
10178786 |
STATE BANK OF INDIA |
22/09/2009 |
- |
17/01/2014 |
265000000.0 |
BANKURA BRANCH BANKURA WB722101IN |
|
9 |
B95059317 |
10235624 |
STATE BANK OF INDIA |
02/07/2010 |
- |
17/01/2014 |
70000000.0 |
SME BRANCH, DURGAPURCITY CENTRE DURGAPUR WB713216IN |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 64.80 |
|
|
1 |
INR 92.26 |
|
Euro |
1 |
INR 80.76 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.